H. Bartels - 04 Oct 2023 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Director, 10%+ Owner
Signature
/s/ William H. Bartels
Issuer symbol
SGRP
Transactions as of
04 Oct 2023
Transactions value $
$0
Form type
4
Filing time
29 Feb 2024, 14:03:59
Previous filing
03 Feb 2023
Next filing
13 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGRP Common Stock, $.01 par value Options Exercise +241K +4.67% 5.4M 04 Oct 2023 Direct F1
transaction SGRP Common Stock, $.01 par value Options Exercise +206K +3.82% 5.61M 10 Nov 2023 Direct F1
transaction SGRP Common Stock, $.01 par value Options Exercise -150K -100% 0 11 Jan 2024 By SPAR Administrative Services, Inc. F4, F6, F7
transaction SGRP Common Stock, $.01 par value Options Exercise +150K +2.68% 5.76M 11 Jan 2024 Direct F4, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -161K -53.85% $0.00 138K 04 Oct 2023 Series B Preferred Stock, $.01 par value 161K Direct F2, F3, F4, F5
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -138K -100% $0.00* 0 10 Nov 2023 Series B Preferred Stock, $.01 par value 138K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of Common Stock from SPAR Group, Inc. (the "Issuer"), as a result of the vesting and conversion of the convertible preferred shares received from the Issuer pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among the Issuer, Robert G. Brown, William H. Bartels and others, as reported in the Issuer's Current Report on Form 8-K filed January 28, 2022.
F2 Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting.
F3 Vests according to schedule in Change of Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F4 Not applicable.
F5 Acquisition of Series B Preferred Stock pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F6 William H. Bartels is President and was a 39% shareholder on October 4, 2023, and was a 100% shareholder on and after December 8, 2023 of SPAR Administrative Services, Inc. (SAS).
F7 Privately transferred in a non-market transaction from SPAR Administrative Services, Inc. (SAS) to William H. Bartels.